Archive for August, 2010
CBOE, CBSX AND CFE TRADING SCHEDULE FOR LABOR DAY HOLIDAY
CBOE, CBSX AND CFE TRADING SCHEDULE FOR LABOR DAY HOLIDAY
CBOE, CBSX AND CFE TRADING SCHEDULE FOR LABOR DAY HOLIDAY
CBOE, CBSX AND CFE TRADING SCHEDULE FOR LABOR DAY HOLIDAY
Finish Buying Puts Today - Get Ready For The Storm!
I mentioned two weeks ago that the market would struggle when earnings releases started to wane. The focal point was about to shift to economic news and I suspected conditions could get ugly. This morning, new home sales fell to their lowest pace on record. They dropped 12.4% to 276,000 units. Existing homes are selling for less than the cost of construction and builders can’t rub tow nickels together until inventories are reduced. Yesterday, existing home sales also fell to a record low. Housing is critical to our economy and 50% of our employment growth was tied to this sector from …
CBOE STOCK EXCHANGE (CBSX) DAILY VOLUME EXCEEDS 100 MILLION SHARES FOR THE FIRST TIME
CBOE STOCK EXCHANGE (CBSX) DAILY VOLUME EXCEEDS 100 MILLION SHARES FOR THE FIRST TIME
Finish Buying Puts Today and Tomorrow - The Decline Is Near!
Yesterday, the market started the week off on a negative note. A huge drop in the Philly Fed last week and three consecutive increases in initial jobless claims spooked traders. This morning, Ireland’s stock market was down 5%. I mentioned yesterday that Greek bond yields jumped last Friday and Euro credit concerns are resurfacing. Overseas markets were generally weak and that set us up for a lower open. Shortly after trading began, existing home sales were released. They dropped 27% in July to a new 15-year low. The S&P 500 dropped 10 points after the news, but it quickly regained those …